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REI Osc AM

REI Osc is an indicator that measures the rate of price change and signals overbought/oversold conditions if the price shows weakness or strength.

The indicator was developed by Tom DeMark and described in the book Technical Analysis - The New Science.

The indicator value changes from -100 to +100.

REI is an improved oscillator as it attempts to remain neutral in a sideways trend and only shows signals when a significant top or bottom has been reached.

Tom DeMark suggests using a default period of 8. When the price rises above the 60 level and then falls below it, you can sell.

When the price falls below -60 and then rises above this level, you can buy.

The indicator generates signals and sends notifications to the terminal and email.


Customizable parameters:

REI_Period - the number of periods (bars) on the current time period used to calculate the indicator;

OB_Level - overbought level value;

OS_Level - oversold level value.


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How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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TrendMaestro
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Version 26.1 2023.10.12
Updated.